Tornell, Aaron; Westermann, Frank; Martinez, Lorenza - In: Brookings Papers on Economic Activity 34 (2003) 2, pp. 1-112
, because the latter is associated with lending booms and crises. Some critics invoke as evidence the recent weak growth of … that financial liberalization has typically followed trade liberalization, and that both have led to faster growth, despite … imperfections, liberalization leads to faster growth and, as a by-product, to financial fragility. Third, comparing Mexico with this …